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RE: Which Cryptocoin Could Overthrow Bitcoin?

in #bitshares • 7 years ago

BitBTC is an IOU on openledger. The pitch fork would be done on a BTS UIA (user issued asset). See the discussions about Bitcoin Fast from Stan larrimer: https://steemit.com/bitcoin/@stan/the-coming-bitcoin-pitch-fork

When users will have enough of bitcoin forks and minors vs core wars, they will see this as an elegant solution to bitcoin problems.

7 years ago in #bitshares by
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     7 years ago  

    bitBTC is not an Openledger asset. Anything that starts with open. is an Openledger asset. Any asset that starts with "bit" is a committee approved UIA.

    Therefore people can already use bitBTC to trade BTC on the BitShares DEX.

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       7 years ago  

      Thanks for the info, my mistake. So there would be another UIA for Bitcoin Fast, if I understand correctly. I will study bitBTC to understand this better.